Is Car Theft Covered By Insurance?

Car theft is one of the most common and devastating crimes that can happen to someone. Not only is your car stolen, but so is your money and your peace of mind. That's why car insurance is so important. But is car theft actually covered by insurance? The answer is yes, but there are some things you should know first.

What Does Comprehensive Coverage Include?

Comprehensive coverage is an optional coverage that you can add to your car insurance policy. It covers things like theft, fire, natural disasters, and other non-collision damage. So, if your car is stolen, comprehensive coverage will help you pay to replace it. This coverage also covers things like vandalism and windshield damage. It's important to note that comprehensive coverage doesn't cover any damage caused by a collision, such as running into another car or hitting a curb.

How Much Does Comprehensive Coverage Cost?

The cost of comprehensive coverage varies depending on your car, your driving record, and the state in which you live. Generally, the more expensive your car is, the more expensive the comprehensive coverage will be. This is because it costs more to replace an expensive car than it does to replace a cheap one. Your driving record also plays a role in determining the cost of comprehensive coverage. If you have a history of accidents or traffic violations, your comprehensive coverage will likely be more expensive. Lastly, the state in which you live can also affect the cost of comprehensive coverage. For example, some states have higher car insurance rates than others.

What Does Comprehensive Coverage Not Include?

Comprehensive coverage does not cover any damage caused by a collision. That means if you are in an accident, you will need to purchase collision coverage in order to get your car repaired. Also, comprehensive coverage does not cover any medical expenses or other costs associated with an accident. If you are injured in an accident, you will need to purchase medical payments coverage or personal injury protection in order to get your medical bills paid for. Lastly, comprehensive coverage does not cover any costs associated with towing your car or replacing a flat tire.

When Should You Buy Comprehensive Coverage?

Comprehensive coverage is a great way to protect your car from theft and other non-collision damages. If your car is worth more than a few thousand dollars, you should consider adding comprehensive coverage to your policy. Even if your car is worth less, you should still consider adding comprehensive coverage if you live in an area with a high rate of car theft. That way, you can rest easy knowing that your car is protected.